By Kiku Steinfeld
Chicago, Aug. 13 – Bank of Montreal priced $305,000 of 0% booster notes with barrier due July 29, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser performing asset increases by more than 38.5% of the initial level, the payout will be par plus the gain of the lesser performing asset.
If the lesser performing asset return is positive but does not exceed 38.5% of the initial level, the payout will be par plus 38.5%.
If either asset falls by up to 30%, the payout will be par.
If either asset falls by more than 30%, the payout will be par plus the return of the lesser performing asset with full exposure to the loss.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Booster notes with barrier
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| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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| Amount: | $305,000
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| Maturity: | July 29, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If lesser performing asset increases by more than 38.5% of initial level, par plus the gain of lesser performing asset; if lesser performing asset’s return is positive but does not exceed 38.5% of initial level, par plus 38.5%; if either asset falls by up to 30%, par; if either asset falls by more than 30%, par plus return of lesser performing asset with full exposure to losses
|
| Initial levels: | $65.50 for ETF and 3,524.47 for index
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| Barrier levels: | $45.85 for ETF and 2,467.13 for index, 70% of initial levels
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Agent: | BMO Capital Markets Corp.
|
| Fees: | 1.2%
|
| Cusip: | 06367WMX8
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